The Business Times

Keurig to be acquired by JAB-led group for US$13.9b

Published Mon, Dec 7, 2015 · 01:59 PM
Share this article.

[CHICAGO] Keurig Green Mountain Inc, the maker of single-serving coffee brewers and pods, agreed to be acquired by a JAB Holding Co-led investor group for about US$13.9 billion in cash.

After buyout, Keurig will be privately owned and independently operated, the Waterbury, Vermont-based company said Monday in a statement. Keurig's board unanimously approved the deal, which is expected to close during the first quarter of 2016.

The deal brings a windfall to investors, who had seen their stock lose more than half its value this year. The company has suffered from waning sales of its K-Cup containers and lower prices on brewers. A new cold brewer also has been poorly received, and the strong dollar is hampering international sales. The purchase price of US$92 a share represents a 78 per cent premium to Keurig's closing price on Friday.

Minority investors in the JAB group include Mondelez International Inc and affiliates of BDT Capital Partners.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

Consumer & Healthcare


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here